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20121205
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Search Results 0 to 49 of about 147 (some duplicates have been removed)
FOX News
Dec 7, 2012 3:00pm PST
. that is it for us. have a great weekend, everyone. >> john: another weekend no, deal on the fiscal cliff. how close one is depends on whom you believe. this is "special report." ♪ ♪ >> john: good evening. i'm john roberts in for bret baier this evening. deadlock, gridlock, stalemate, whatever you call it. most people in washington seem to think we are there. we have just four more weekends to go before america goes over the most talked about piece ovate i of real estn the world, the fiscal cliff. ed henry tells us not everyone is pessimistic. >> reporter: literally snapping his fingers, vice president joe biden today suggested it will be easy to finish a deal with congress to avoid the fiscal cliff. >> it would take 15 minutes from the time the decision is made by the speaker of the house to pass and make permanent middle class tax cut. the president would probably have me sprint up to the hill to bring the bill down for him to sign. it can be done like that. it is not complicated. >> greg: speaker bane -- >> reporter: speaker john boehner not so optimistic. >> this is not a progress report, th
CNN
Dec 11, 2012 2:00am PST
and welcome to "early start," everyone, i'm john berman. >> and i'm zoraida sambolin. tuesday, december 11th, 5:00 a.m. in the east. we begin this morning in the south where more storms are expected today. this after residents are left cleaning up from the aftermath of yesterday's storms. the rain was so intense. take a look at what happened to the home of one man, this is birmingham, alabama as he was being interviewed by a local tv reporter. >> we had dogs. he was in the cage. oh, my god. oh, my god. oh, my god. you all okay? you all okay? you all all right? >> look at that, the roof of clint thornton's home collapsing due to the soaking rain. he believes a tornado touched down in his neighborhood. let's check in with alexand exe ste steele. >> there were 12 reported tornadoes yesterday, 2 have been con dining roomed by the survey teams. more survey teams will go out today and deem it be a tornado or not. this is what we saw yesterday. we have a cool weather season for tornadoes and it's in what we call dixie alley. louisiana, mississippi, alabama, that's where we saw them. even into flori
CNN
Dec 10, 2012 2:00am PST
. history is important. >> i'm don lemon at >>> look who's talking. president obama and house speaker john boehner get together a little more than three weeks before we hit the fiscal cliff. >> gone too soon. a mexican-american singing superstar killed as a small plane plunges into a mountain range. >> just devastated for them. i'm really feeling for them. >> raw and emotional. two radio hosts talk about the family of the nurse who took her own life after getting duped by their prank call. >>> good morning, to you. welcome to "early start." welcome back, mr. berman. >> it is great to be here. i was on vacation for a week. now i'm back. i'm john berman. it is 5:00 a.m. in the east. i am feeling that. but this, they are talking for the first time in over three weeks. president obama and house speaker john boehner looked each other in the eye and actually had a conversation. now that's a really big deal when it comes to the fiscal cliff crisis. because in just 22 days americans face severe tax hikes and spending cuts unless these two leaders can find a way to compromise. now neither side woul
MSNBC
Dec 5, 2012 11:00pm PST
in turmoil and second recession coming. number two, john boehner, the speaker is claiming he's met obama's demand for higher taxes for the rich. that's good. he agreed in principle the rich must pay more. number three, there's talk for the republican leaders that they could vote to continue the tax cuts for the 98% now and therefore avoid the fiscal cliff and put off for now the top 2%. and the question then, let the debt ceiling not take effect. a tax cut delayed i argue is a tax cut avoided. joining me with the republican defense highly tauted fan of the eagles, ed rendell and alex wagner of msnbc's "now." governor, i want you to read what's going on here. first speaker boehner defended the gop's tax proposal saying it does take a bite out of the rich but president obama held firm to tax rate hike on the wealthiest. let's listen to the back and forth. >> revenues we're putting on the table are going to come from, guess who? the rich. there are ways to limit deductions, close loopholes and have the same people pay more of their money to the federal government without raising tax rates,
FOX Business
Dec 11, 2012 11:00am EST
: thank you, sandra smith. connell: we are waiting to hear from the speaker of the house, john boehner. dagen: stay right here on fox business and you will hear the speaker speak coming right up. ♪ dennis: i am dennis kneale. cheryl: i am cheryl casone. breaking news at the top of the hour. we are moments away from tree to be event, up 109 points. john boehner taking fiscal cliff talks and that is raising hopes among traders. cheryl: we are going to take a look at what is beyond the fiscal cliff even of washington save the country from going over that cliff we have a stock panel that has lots of worries and a bit of hope that. dennis: which makes some buzz codes when the dow is up 111. michigan's capital and besieged as protests over the right to work legislation has taken an ugly turn. we are live. cheryl: never know what is going to happen with jeff flock covering that story. we're coming up on the top of the hour. stocks every 15 minutes and nicole petallides on the floor of the stock exchange with a nice triple digit gain. nicole: what a gain on wall street. we have three straigh
CBS
Dec 6, 2012 7:00am EST
leading. >> where are they taking you, john? >> to jail. >> john mcafee under arrest in guatemala for entering the country illegally. >> he vanished after his neighbor was found dead. >> the administration, are they prepared to go over the fiscal cliff. >> absolutely. >> fiscal cliff negotiations in washington, still up in the air. most lawmakers have gone home for a long weekend. >> i'll be here and i'll be available at any moment to sit down with the president if he gets serious about solving this problem. >> the duchess of cambridge has left hospital. there for morning sickness. >> how are you feeling this morning, kate? >> as of today, possession of small amounts of marijuana is legal in the state of washington. >>> now the 55th annual grammy awards revealed. the top contender, kanye west and jay-z. >> he's got it. kobe bryant. the greatest player in the history of the los angeles lakers. >> all that, ready for your mistake? >> yeah. i'd like to hear it. >> can eating while driving be distracting. >> no! >> and all that matters. >> former senat
FOX News
Dec 10, 2012 8:00am PST
john barrasso, republican from wyoming. chairman of the republican policy committee and sifrs on the foreign relations committee. you received a letter from john kerry, the committee chairman, saying that hillary clinton, the secretary of state is expected to testify before the end of the term. how critical is her testimony, senator? >> well i think it is very important to have hearings with hillary and they need to be in my opinion open and on the record. there are so many questions to be asked of this administration, of hillary clinton as secretary of state but also of the president about what happened before 9/11. it has been, tomorrow will be three months since the attacks on 9/11 and there are more questions now, jon, than there even were before. jon: senator kerry indicated that the accountability review board that ambassador thomas pickering is heading is about to issue its report. do you need to wait for that report to come out before getting the secretary of state's testimony? >> well i want to read the report and i want to ask a numb he about -- number of questions t
FOX Business
Dec 10, 2012 1:00pm EST
a win-win. we will get former shell president john hofmeister's take on this. lori: was hurricanes and a warning on global warming? lesson thblasting the presidente has handled climate change, but are humans really to blame? a new survey says no. stocks a little bit higher. as coach before the new york stock exchange and check in with nicole watching apple after cher started to downgrade today. nicole: that is right. apple sold off, in the red and move higher. they have a buy rating, jefferies cut the price target on apple. the new price target is $800 from $900. they came down $100 but certainly plenty of upside potential. right now apple at $5.29 and change. some nice room to grow. talking about the pressure on margins apple faces obviously intense competition but also the fact they will be launching a new iphone app coming along, all the thing these things we'rg about for next year and those to make it into their margins to alternately that is whether lord their price target. mcdonald's, same-store sales moved higher and beat the analyst expectations of 2.4%, that obviously outp
FOX Business
Dec 10, 2012 4:00pm EST
on the fiscal cliff negotiations, but let's art in chicago with john, two very interesting situations continuing, drama over the fiscal cliff in d.c. and also this week we have the fed meeting. which is more important to the market? >> eventually it will be the fiscal cliff that is more important to the market, but make no doubt about it, the fed meeting with the announcement wednesday morning and wednesday afternoon is going to continue to support risk assets. you were talking about how the dollar is melting up for the fourth consecutive day. the federal reserve will make a very active effort to continue to support risk assets. whether they're equities or commodities. the metals market had a very positive day, recovering a bit with the damage done last week. risk assets are doing well, but over the fiscal cliff for sure in december. liz: the fed, the fed, the fed. they're not going to do anything, but they might announce some sort of easing that is what we constantly talk about and wonder because that has been the trade. with it had a decent rally, the market up double digits the past year and
CNBC
Dec 6, 2012 7:00pm EST
between speaker john boehner and president obama today. with just 25 days to go, let's keep tabs on where we stand. reports of a conservative backlash against speaker boehner simply not true. he has the solid support of his leadership and the rank and file. but there is concern among some in the gop that they are at risk of becoming the party for rich people while president obama and democrats stake their claim on the middle class. and my tax rate flexibility with higher -- here's what the president said earlier today. >> i'm not going to sign any package that somehow prevent prevents the top rate from going up for folks at the top 2%. but i do remain optimistic that we can get something done that is good for families like this one and that is good for the american economy. >> we look back republican senator rand paul from the state of kentucky. senator paul, welcome, as always. i want to ask you about the fiscal cliff, the state of play. there's revenues on the table. there's tax rate increases on the table. i don't know if there's spending on the table. what's your thinking prigt now? >
MSNBC
Dec 6, 2012 3:00am PST
>>> at the top of the show we asked why are you awake? john tower has some answers. first, i have a few. can you get your pops to do the "gangnam style" on the next appearance on the show? i don't think so. also up way too early. hoping that mika will get me the pizza hut perfume. not a chance. what else do you have, john? >> why am i awake? fab mika and witty joe, no. that's guy million-dollar smile. he gets me out the door every morning. >> you're fired. take it. >> "morning joe" starts right now. >>> it took us three months to establish trust. these guys don't trust each other. they don't even trust each other in their own party. you've got leaders who, people behind them with a shif hoping they can get their job the next go 'round. poor old durbin has people over his back because he voted for this package. and the republicans, boehner's got to go to work and come back, and now there's 70 of them left, the tea party guys. these are guys who went to congress not to limit government but to stop it. so what are you going to do? we've got five democrats, five republicans who range
FOX News
Dec 10, 2012 4:00pm EST
arizona senator john mccain, and maryland democratic congressman, and florida republican senator subrow, and connecticut independent senator, lieberman, and former debt co-chair and i could go on but i told you i take it upon myself to fix this mess as if i'm not busy enough thank you but i am looking after you and this country and if they cannot put together something, yours truly can and if i have to show up in spandex, i will. >> six weeks after losing their home they are being kicked out of their temporary one. it goes down this week. you wonder whether all of the high five's with the politicians commending fema had a clue. >> a big shout out to fema. they are a great partner. >> the president could not have appointed a better person. >> the administration, fema you have established when the call goes out the country is there to help their people. the "share t. get a great deal on a new subaru and 250 dollars goes to your choice of five charities. by the end of this, our fifth year, our total can reach almost 25 million dollars. it's a nice reflection on us all. now through january
CNBC
Dec 10, 2012 1:00pm EST
on the rich. our chief political correspondent live at the white house with the latest. hi, john. >> hi, tyler. it is glammy and overcast in washington today but everybody is looking for bright signs about the fiscal cliff. we have a bright side yesterday when john boehner came here to the white house. house speaker to talk to president obama. first individual one on one meeting since the election and that meeting and some other signals that have been sent publicly by both parties have caused some noted skeptics of us getting a fiscal cliff deal. >> i think the atmospherics are getting so much better. we've gotten out after ka bookie theater and gone to dancing the tango with those two guys. any time you start to tango, you have a chance. >> chances of getting it done now are better. i think that's what's key. >> part of that tango is republicans cracking on tax rates. that's what president obama will be talking about in michigan today. keeping the public pressure on. but the part for the administrator point of view, tyler, is what do they live john boehner so he can bring his troops along, en
CNBC
Dec 11, 2012 3:00pm EST
. >> very quickly, john, we're lose altitude in this market rapidly. what do you make of this, and what are you expecting to close here? >> just shows you how fragile our markets r.one comment out of washington can take profits off the table intraday. we'll hold on to our gains here. >> thanks, everybody. we appreciate it. where exactly do we stand in these fiscal cliff negotiations in the latest now from our john harwood, on your stomping ground. good to see you both. what do you make of this comment from harry redd, john, saying it's unlikely we get a deal by christmas? are they posturing? they don't want to put their spending cuts on the table but want the republicans to. is this posturing? >> i think it's posturing. jay carney gave a white house briefing saying i'm not going to reveal anything about the status of the talks in negotiation beyond the fact that they took place. the support trying to hammer republicans publicly. he's got the high side public opinion on this. traveled to michigan yesterday. john boehner went on the floor and said i need to see their spending cuts. that's
CNBC
Dec 5, 2012 4:00am EST
speaker john boehner dealing with division in the gop's ranks to his budget plan. we've got a shanghai surprise. china's mainland markets up over nearly 3% after beijing's new leaders called for economic stability and new business growth. and it looks like more austerity for britain. george osborne getting ready to release his autumn statement. >>> nokia shares a little bit high today. they are teaming up with china mobile, giving access to the world's biggest mobile phone markets. >>> if you just got up, very warm welcome to the start of your global trading day. stocks are on the front foot this morning. this is where we stand with u.s. futures. currently called up around about 30 points higher. the dow down, what, 13 points? the nasdaq called up just under 40 points. the s&p 500 at the moment is called up just over three points. it was down two points yesterday. european stocks doing a little built better. they were as flat as a pancake, as i've been saying. as flat as my pancakes. we have just come down from higher levels. the ibex up .2 of a percent. overnight we saw china leadersh
FOX
Dec 5, 2012 4:00am PST
are looking ahead through 2013 to see where the opportunities might lie. let's talk with john blank. he is the chief equity strategist, the big-picture guy. so, let's talk generalities. bulls or bears, who will be doing most of the running in 2013? > > in my camp, i am a bull, and w i think we can get a 10% return out of next year. > very good. how about through the year? will it start out looking a little weak and we will find our stride in later quarters? > > that is mercury to me. i think you are probably likely to see a january effect and have pop, which is traditional. and i expect through april or may you might see the bulk of the run, and then it will taper off. > focus on some sectors. a lot of people are saying health care is going to continue to be robust. how do you see it? > > i am actually bullish on global sectors. i think we are going to see an asia-pacific-, china-driven market that we haven't seen in five years. and i see i.t., which is beaten down right now, but i would take a position in. i see industrials, which have good global exposure as a stock area that would pu
CNN
Dec 9, 2012 9:00am PST
. the president is going to be president for the next four years, john boehner is likely to be president f-- speaker for for years. but the president needs john boehner more than john boehner needs the president. >> does the speaker have enough votes inside his caucus to agree to some kind of tax rate hike in the upper echelons of society, does he have enough votes that he can put together with whatever nancy pelosi can stir up and pass it? >> i'm not sure there's support for rate hike, there is support for the revenue by cleaning up the tax code. >> isn't there $800 billion of collected revenue still a tax hike? >> this has been part of the debate for years. looking at cleaning up the code. and candy, getting in there and -- there are so many ways you can do it. maybe you want to cap total deductions, maybe you want to look at some of these tax credits and clean this code up. dave campus p dave's camp has put an incredible amount of time on this. it is the time, this is the opportunity to clean that code up. >> if we don't act before the end of the year, taxes go up for everybody, not for
CNN
Dec 9, 2012 12:00pm PST
damage is being doing. john king, ken rogoff and diane swan, chief economist at mezaro financial. john, right now, this is more politics than the economy. some people are saying don't sweat it. the threat of going over the fiscal cliff is overblown. it will get done. an 11th hour deal. john, as you read the politics at play, what do you see? >> i see both sides digging in. you've just played the president saying i want that rate hike. the republicans are saying mr. president, we'll give you the revenues, but not through a rate hike, but the president believes he won the election and he's upped the ante. says he wants twice as much in tax revenues than a year and a half ago, so the president believes he has the higher ground. i think maybe the democrats have a deeper trench, if you will. they have public on their side. but if you talk to people in washington, there's still this sense that at a last minute, reason will prevail, but there's not a lot of optimism. you know this and my colleagues know this, more and more people are talking about the threat. not only if you don't deal with t
CSPAN
Dec 9, 2012 7:00pm EST
recounts the life of joseph p. kennedy patriarch of the political family that included president john f. kennedy and senators robert f. kennedy and edward kennedy. the author examines joseph kennedy's career in business and politics, which included ventures in wall street, hollywood and the founding chairman of the securities and exchange commission. this is a little under an hour. [applause] >> thank you, all. delighted to be here. as i tell my history students at the city university of new york in the ph.d. program -- thank you. [laughter] as i tell my history students until they want to choke me the past is a foreign country. we can visit, try to learn the customs and the white smith the fragrances, recoil at the foul odors but we are foreigners in a strange land. this is true as much in the recent past as it is of colonial america or 12th century venice. writing about the recent past is not easy as it is this time around. first there are people you have to talk to. and while i was blessed from beginning to end by having some fascinating people to talk to about joe kennedy including
FOX Business
Dec 10, 2012 3:00pm EST
with gap. liz: one story that may very relate is john woods the fact that gasoline went flat today has come down. down $0.10 over the past three weeks does this trend continue where is the next trade you cannot have high oil prices and expect people to pay high oil prices at the pump. in economy will just come right to a halt. i can see crude coming down to $82 really just hanging there. this is where we are going. the economy will dictate, essentially, the price of oil right now. liz: okay. gentlemen, great to see you. thank you so much for joining us on the floor show. at least though both are winning. apple. it has been the headline almost every single day for the past six months. we have heard of too big to fail. are some companies just too big to succeed? my next guest says once a company gets to the top, there is nowhere to go but down. what does that mean for all of you apple watchers. joining me now is robert arnott. it is great to have you. so glad you are here to discuss this. i can hear people screaming right now. what do you mean. apple has to go higher. what is your premise her
FOX News
Dec 8, 2012 3:00pm PST
senator john kerry, the chairman of the senate foreign relations committee says secretary clinton will appear before that panel. >> molly, thank you very much. and new developments over syria's vast stockpile of chemical weapons. the british foreign ministry is now confirming that the uk and the u.s. both have evidence suggesting that president al-assad in syria is using his government supplies including mixing chemical compounds and loading them on to bombs. syria is believed to have muss tared -- mustard gas and sarin. president obama said any attempt by syria to use chemical weapons against its own people will be met with consequence. >> and new developments in north korea as a planned rocket launch. the test fire was scheduled sometime on monday, but north korea's state media says scientists are seriously considering adjusting the time frame. meanwhile the u.s. is deploying warships to the region to monitor the situation there. north korea maintains it is just trying to put a satellite into orbit, but the u.s. says it is a cover for testing ballistic missal technology. >>> one
FOX News
Dec 12, 2012 4:00pm PST
and spending cuts. john boehner says he still has serious differences with the president after they exchanged new counteroffers apparently and talked on the phone last night. now some house republicans are vowing to work through the holidays to get the deal done. ed henry is live at the white house. that's a motivator i suppose, lose your christmas. >> normally when there is a holiday like that, you're right. this forces them to come to the table. right now they are still pretty far apart. there was a phone call you last night between the president and the speaker. officials on both sides telling me tonight the call was pretty tense because the bottom line is they are still not finding common ground. you listen to the speaker today, jay carney from the white house podium, they're still saying that they're farther apart on both spending cuts and tax increases. take a listen. >> mainly tax hikes. and as planned is it not begin to solve our debt crisis. it actually increases spending. >> closing loopholes that they will not name or capping deduction, that they will not specify sometime in the fu
CNBC
Dec 10, 2012 6:00am EST
. at which time the stock price roughly doubled. in other huj fund news, john paulson said friday that his funds experienced mixed returns in november. we got wind of this. softer gold prices weighed on some portfolios. not much time for -- the predictions to be right. >> some will do well based on housing, right? >> yes. everybody said gold was going over 2,000. it didn't. the merger, arbitrage focus partners fund climbed 1.4% in november and is up 6.7% for the year. the firm's biggest portfolio, the credit opportunity fund was flat for the month. it is up 5.6% for the year. >> i like that. >> yeah b, i got weight watchers and twinkies. if you want to see the twinkies table, this td is it. this is the official drop dead date for those making an offer for the baker. there are nearly 200 interested parties, but sources close to the process are anticipating a few dozen real committed bids will emerge. kayla tauschis will join us in the next hour with a look at twinkies and the other hostess brands, the products buying attention for buyers. >> apparently the products that are most wanted, the
CNBC
Dec 12, 2012 5:00pm EST
wall street journal." john, great to have you with us. >> great to be back. >> do you think this is a good thing or bad thing? >> oh, god. i don't want to pass judgment. i think only history is going to be able to tell if it was good or bad. i think there's a risk here, though, which is, the felt's been trying to do all these things to clarify what it's trying to do, and they run the risk of confusing people even more. this is a complicated decision. they said they won't be raising interest rates before unemployment gets below 6.5%, but that's not what their strategy is on the bond buying programs and if inflation goes above 2.5%, that should short circuit all of this and, of course, the real inflation objective is 2%, so, it's a very complicated set of policies they came out with today. you have to wonder if they really are clarifying things. >> we had a conversation this morning that perhaps more 0 passty from the fed might be better for the markets. it sounds like that's almost what you're saying. >> ah -- i lost you there for a second, melissa, you cut out where you said
CNBC
Dec 5, 2012 6:00pm EST
listen. what were they looking at versus what i was looking at. they were looking at john carter, i was looking at the new bond movie. one after another, they were all down beat. is the expansion too rapid? whether demand for expensive coffee is there. i was waiting for a guy to say, listen, that triple cappuccino it stinks. if i were howard, i would tell them to take a hike. they were too negative versus what the company's up to. opportunity. starbucks was actually down. one time -- i have the apple ipad, you know, thing i'm like, wow, it's under 50. i mean, wow. terrific opportunity. ipad, i mentioned it, surprised one didn't come down and hit me over the head and knock me out. apple. if we're going off the fiscal cliff, we know capital gains tax rates are going higher, right? right? that's obvious. do you think the republicans have the power to keep those capital gains rates down? apple's become a referendum on the president's power. right now he has the upper hand, then he can really roll them and intends to do so. it's reasonable to take some profits so you can pay the tax man
FOX News
Dec 6, 2012 3:00am PST
in the phone call between speaker of the house john boehner and president of the united states, barack obama. did they come to a conclusion. it is now the president's turn. >> brian: it is a week since the president and speaker talked. i do not know at of this moment who called who. >> steve: we know no details. >> brian: it is good there is no details. i just talked to the president and he's not listening to me . i talked to the speaker and he dug in. that is a good sign. >> steve: keep in mind, the last offer on the table was made by the republicans. the republicans are waiting for a counter offer. the white house said that is not serious, we are waiting for a offer from the republicans. tim geithner was on cnbc yesterday and asked whether or not the federal government is preparing to go off the fiscal cliff in particular this administration. he answered unfortunately in the affirmative. here's tim. >> if republicans do not agree to that is the administration prepared to go over the fiscal cliff. >> we face no prospect of agreement that doesn't involve the rates going up on the top two per
FOX News
Dec 6, 2012 10:00am PST
point to someone in china. john lucas is an internet security expert and the international president of high-tech crime experts. did i get your last anytime right? >> close. megyn: thanks for the clarification. now, he's on his personal computer, but he's on government sort of property doing work for the government on his personal computer, and he's talking to people who still have all the clearances and so on, and why do we believe it was the chinese? >> well, what happens is when the fbi or anybody gets involved and started tracking this back, we're going to trace the ip addresses and the connections that gives you a connection from where the source is coming from. now, i guess they ended up in china, but that doesn't necessarily mean that it could have been someone from china. somebody could have hacked in from another country and started that attack from a chinese server inbound to the u.s. but the fbi's very, very, you know, keen on this stuff, so i'm sure the end source was china. megyn: they say that he not only is he, obviously, the former chairman of the joint chiefs, but th
CNBC
Dec 10, 2012 4:00am EST
-to-face, president obama and house speaker john boehner sit down for a one-on-one over the weekend. there are just three weeks left before the u.s. goes over the fiscal cliff. >>> italian shares are down nearly 3% this morning. for the most part, it is bank stocks leading the way down. we're now down about 2.76% on the ftse mib. bank stocks have been hit particularly hard this morning. earlier, we saw shares down 5.6%. we're seeing the same thing, whether it's bmps hitting session lows down nearly 6% comes amid concerns about leadership and economic reform in italy following mario monte's announcement that he'll resign once the budget has been passed. this move is likely to bring the country forward to elections next year. the italian prime minister has offered no clue as to whether or not he will run and it comes after sylvia berlusconi declared over the weekend he would throw his hat in the ring for the job of premier. carolyn ross is in italy following the details there. can you walk us through the time frame here? when are we expected monte to step down? what happens next? >> good morning to y
FOX Business
Dec 7, 2012 11:00am EST
in the month of november. breaking news from washington. the speaker of the house john boehner. let's listen in. >> the tax hikes that the president campaigned on, that had more stimulus spending then cuts. and indefinite, infinite increase on the debt limit forever. four days ago, we offered a serious proposal based on testimony of president clinton's former chief of staff. since then, there has been no counter offer from the white house. reports indicate that the president has adopted a strategy to slow walk our economy right to the edge of the fiscal cliff. instead of reforming the tax code, the president wants to raise tax rates. even if the president that the tax rate hike that he wanted, understand that we will continue to see trillion dollar deficits for as far as the eye can see. washington has a spending3 problem, not a revenue problem. if the president does not agree with our proposal, i believe he has an obligation to families and small businesses to offer a plan of his own. we are ready and eager to talk to the president about such plan. >> you did speak with the president earlier t
CNBC
Dec 5, 2012 9:00am EST
is about to speak in front of the business roundtable. good morning, john. >> good morning, carl. he's talking to the business roundtable. you can expect him to highlight one aspect of the discussions, that the business roundtable has championed. john edge her, who heads the roundtable has suggested a five-years fix to the debt ceiling issue. you know, we have these periodic debt limit fights in washington, one in 2011 caused a downgrade in u.s. credit and created a real catastrophe politically for the republican party, for president obama as well, and so jo engler has talked about a resolution that would last for five years. the republicans don't want to go along with it. the administration has proposed a permanent fix. don't expect the administration to get that in the end, but at least it gives them something to talk about with this pro-business group, carl. >> the republicans spoke just a minute ago, john boehner saying his fellow republicans do in fact, as we watch the president work the room ahead of his remarks, they do back his opposition to raising rates outright. this chatt
CNBC
Dec 6, 2012 3:00pm EST
-virus software pioneer john mcafee has finally been caught, but you will not believe where he was found and how he was actually located. we have details on this bizarre story that gets more bizarre all the time. coming up. [ male announcer ] when a major hospital wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. [ yawning sound ] >>> welcome back. check out zynga. the shareholders getting good news today after a tough year. the stock rallying after the company filed for gaming license in nevada. julia boorstin with the story on this big bet. over to you. >> investors are clearly relieved to see zynga is trying to make money from online gambling. getting a game license in nevada is a key first step. but a much bigger hurdle is the fact that online gambling is illegal in the u.s. zynga could be sitting on a gold mine if even a few percent of its monthly poker players gamble. e
CNBC
Dec 7, 2012 12:00pm EST
for america's best loved company or is even more selling ahead? pete and john and jerry and stephen weiss and terranova are the traders. apple sits at the lows today as we come on the air. >> right. i have yet to find a reason for me to dip back into apple presently. you know, there's different stories out it seems like each and every day why it's out, what the buys are and selloffs all. forget all that for a moment. the stock seems to be stuck in a range and tlink are other opportunities out there. there's a lot of expectations for why it's moving around the way it is. specifically people are pointing to, is it for tax reasons? the other day it was for the margins. whatever the reason you're seeing an accelerated move each and every day. i haven't seen a reason to jump back in there yet. i still own the stock but not to add anything to it. i still think there are far better beta names out there to trade. >> doc, are you at odds with your brother? i want to read you stats that are going to shock you. >> please. >> in the past 9 of 11 weeks, $115 billion in market cap washed away from appl
CNBC
Dec 10, 2012 4:00pm EST
mccormick, sandy lincoln, and john spolinsani. what do we do between now and the end of the year? >> we wait. you hope there will be a resolution with the fiscal cliff. also 2013 could be a difficult year. it's the first year of the presidential term which is usually a weak un. earnings growth looks a little bit weaker. we are very big on di dends. we believe this is a grinded out market. prepare for instability. >> so it's glass half empty for you right now. >> we'd like to be optimistic but tell clients buy with sound balance sheets. and if the market goes up better, we're in a better position. >> i have to press you on what you say about you like companies that pay better dividends? >> right now you're looking at the. senate bill will will tax for gross incomes of $250,000. that's not a deal killer. there was an article this week talking about how dividends -- people buy dividends for income and downside protection. those issues do not go away regardless of what happens with taxes. people need income. >> you told us last time you liked europe. what about here in the united sta
CNBC
Dec 10, 2012 5:00pm EST
. o your old washing machine. president obama and speaker john boehner met at the white house on sunday to discuss the impending fiscal cliff. neither offered details about the discussion, but both said the lines of communication remain open. is the fiscal cliff end game finally approaching? joining us now is ben white, politico's chief economic correspondent. ben, maybe it's good news they didn't come out and say, we're so far apart. >> it's a good sign. any time that boehner doesn't come out and say, we're nowhere, that's good. these things are going to get done in private. both sides need to leap off a bridge here. the republicans need to some how figure out how they're going to let the top rates go up. democrats need to swallow some changes to entitlement programs, raising the retirement age or changes. the less we hear, the better, in the next few days on the negotiations. as soon as you hear leaks saying these guys are too far apart, that's the problem. if we hear nothing, that's actually pretty good. >> are we starting to see the beginning of the gop move into the cente
CSPAN
Dec 5, 2012 5:00pm EST
and economic environment worldwide. we should not accept going through that. john engler, he and i don't philosophically agree -- i'm being honest about john, but he comes from the other party but he is exactly right when he said that the only thing that debt ceiling is good for as a weapon is to destroy your credit rating. so i want to send a very clear message to people here, we aren't going to play that game next year. if congress in any way suggests that they are going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation, which by the way, we have never done in our history until we did it last year, i will not play that game. because we have to break that habit before it starts. captions copyright national cable satellite corp. 2012] [captioning performed by national captioning institute] >> you can see more of president obama's remarks tonight on c-span at 9:00 eastern. house speaker john boehner called on the white house to respond to the republicans' deficit proposal released earlier this week. at 8:00 eastern,
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